Slack demand for electricity across the U.S. is leading to some of the sharpest reductions in power prices in recent years, offering a break for consumers and businesses who just a year ago were getting crunched by massive electricity bills.
On Friday, the nation's largest wholesale power market serving parts of 13 states east of the Rockies is expected to report that electricity demand fell 4.4% in the first half of the year. That helped to push down spot, or daily market prices, by 40% during the first half of this year.
Wednesday, August 12, 2009
Electricity Prices Plummet
The Wall Street Journal reports:
